"NCPL" Nishat Chaunian Power Mid Term Analysis 25 Feb 2013
"NCPL" Nishat Chaunian Power Under Pressure Our Prefrence: Short positions below 30.87 with target at 25.44 and 24.73 Alternative Scenario: Upward breakage of 30.87 will call for 31.27 and 34.35 Note; NCPL have touched its upper most resistanant trend line since 2009 and now is trading in overbought region on daily, weekly and monthly basis, it have not taken even a slight correction since 02 Nov. 2012 and a correction is due in NCPL in comming days, which can push prices back towards 25.44 and 24.73 to retest lower lines of upward channel, currently Moving averages, MACD, Bollinger Bands and Stochastic are not supporting its further bullish trend.RESPONSIVE 12 CSS 3 HTML 1 JAVASCRIPT 28 DESIGN 6 DEVELOPMENT 3
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